XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.3
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 1,659,067 $ 2,250,037
Adjustments to reconcile net income to net cash used in operating activities:    
Interest and dividend income on investments held in Trust Account (2,461,081) (2,577,275)
Changes in operating assets and liabilities:    
Prepaid expenses (4,624) 60,922
Non-current prepaid expenses 0 19,716
Accounts payable and accrued expenses 151,526 (25,342)
Net Cash Used in Operating Activities (655,112) (271,942)
Cash Flows from Investing Activities:    
Proceeds from sale of investments in the Trust Account 8,864,167 71,861,915
Purchase of investments in the Trust Account 0 (71,861,915)
Monthly extension fee deposited into Trust Account (560,000) 0
Net Cash Provided by Investing Activities 8,304,167 0
Cash Flows from Financing Activities:    
Ordinary shares redemption (8,864,167) 0
Proceeds from working Capital loan - Related party 500,000 0
Proceeds from promissory notes 560,000 0
Net Cash Used in Financing Activities (7,804,167) 0
Net Change in Cash (155,112) (271,942)
Cash, beginning of period 283,281 561,406
Cash, end of year 128,169 289,464
Supplemental Disclosure of Cash Flow Information:    
Promissory notes - related party in connection with extension 0 70,000
Offering costs included in accrued expenses 0 45,000
Subsequent accretion of carrying value of public shares to redemption value $ (3,021,081) $ (2,647,275)